news
News Release in Year 2008
 

Seminar at Haiyi Immigration & Education Group

14th December 2008

 

Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital was invited to address an audience of over 100 PRCs who were interested to learn more details about Singapore Permanent Resident application criteria and process. Mr Tan presented to the attendees the Global Investor Programme (“GIP”) by the Singapore Economic Development Board as well as the 3VS1 Asia Growth Fund.

Divestment from Buildfolio, Inc.

30th September 2008

 

3VS1 Ventures Fund Ltd divested shares from Buildfolio, Inc.

Divestment from Restore Medical, Inc.

22th September 2008

 

3VS1 Ventures Fund Ltd divested shares from Restore Medical Inc.

 

Higher Dimension Materials, Inc. featured in Beijing Olympics

8th August 2008

 

For the 2008 Beijing Olympics Adidas used a custom SuperFabric® brand material in developing a shoe for Olympic 400m runner Jeremy Wariner. SuperFabric® brand materials were chosen for their performance and unique look.

 

Starting up of Nuvofabric Pte Ltd

25th July 2008

 

3VS1 Asia Growth Fund Ltd led the starting up of Nuvofabric Pte Ltd. Co-investors include Phillip Capital, Wells Spring Pte Ltd and SPRING SEEDS Capital.

 

NTU Entrepreneurship Speaker Series

25th July 2008

 

Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital was invited to be a panelist on the topic “What Does It Take to Sow Interests and Secure the Funds?”. This event gathered venture capitalists, investors and students alike for a highly engaging roundtable and panel discussion. This event was organized by the Nanyang Technopreneurship Centre of the Nanyang Technological University and hosted by the NTU-NTC students in the Master of Science Technopreneurship & Innovation Programme.

 

China Medstar Ltd acquired by Ascendium Group Ltd.

17th July 2008

 

China Medstar Ltd has been successfully acquired by Ascendium Group Ltd.

Restore Medical, Inc. acquired by Medtronic, Inc.

17th July 2008

 

Restore Medical, Inc. has been successfully acquired by Medtronic, Inc. (NYSE:MDT).

 

Divestment from China Medstar Pte Ltd

14th July 2008

 

3VS1 Ventures Fund Ltd divested shares from China Medstar Pte Ltd.

 

HCI-GSK-EDB Entrepreneurship Challenge 2008

30th June 2008

 

Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital was a chief judge for the Grand Finals of this annual competition. The top 5 teams for the Best Business Idea Competition presented their business idea in the Grand Finals and 9 finalists took part in the Venture Capitalist Fair. The competition was organized by Hwa Chong Institution and supported by GlaxoSmithKline and the Singapore Economic Development Board.

 

GCT Semiconductor collaboration with Green Packet

19th June 2008

 

GCT Semiconductor today announced a strategic collaboration with Green Packet, combining the expertise of both companies to develop a truly seamless solution for wireless devices to roam between WiFi and WiMAX networks.

 

Investment in China Greatwell Holdings Ltd

24th April 2008

3VS1 Asia Growth Fund Ltd invested in China Greatwell Holdings Ltd with TCIB Investment Company Ltd and UOB Venture and Phillip Capital.

 

China Zaino Listed On SGX Mainboard

18th April 2008

 

China Zaino International was listed on the SGX-ST on 18 April 2008. They are currently the number 1 PRC Backpack Company with the largest market share of 35.8% in 2006. They focus on design, development, manufacture and sales of backpacks and luggage with the DAPAI brand.

 

China Zaino has an extensive distribution network of approximately 40 distributors, 3150 concessionary retail outlets in 26 provinces, municipalities and autonomous regions in China, and will expand to up to 4000 outlets by end-2008. They have also been awarded the Top 500 Asia Valuable Brand Award in 2007 and the Top 12 Bag Brands in China in 2006.

 

Investment in China Zaino International Ltd

10th April 2008

 

3VS1 Asia Growth Fund Ltd invested in China Zaino International Ltd with Aventures Pte Ltd, NewSmith Opportunities Private Equity Fund LP and PrimePartners Merchant Capital Ltd.

 

Lee Kuan Yew Global Business Plan Competition

24th March 2008

 

Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital served as a coach for the Hot-Housing session where a select group of leading venture capitalists and business angels are asked to mentor and guide the competition teams. This event was organized by the Singapore Management University and sponsored by HSBC.

 

Divestment from ViaCell, Inc.

21st March 2008

 

3VS1 Ventures Fund Ltd divested from ViaCell, Inc.